There's a way for you to support Eastern Virginia Medical School and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
See How It Works
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to EVMS but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.4%, which means that they will receive $880 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,819* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
- Contact EVMS Development at 757.965.8500 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with EVMS.
- Seek the advice of your financial or legal advisor.
- If you include EVMS in your plans, please use our legal name and federal tax ID.
Legal Name: Eastern Virginia Medical School
Address: P.O. Box 1980, Norfolk, VA 23501-1980
Federal Tax ID Number: 23-7053028